$BONK Headed to Zero? Memecoin Tanks as $GFOX Rockets to $3 Million

Earlier this month, the SEC ruled in favor of the crypto market as spot Bitcoin ETFs were approved. Since then, more capital has flowed into the crypto market. However, after gaining the attention of investors and picking up steam, $BONK has suddenly tanked. Meanwhile, $GFOX has continued its stellar performance in its presale, almost reaching the $3 million mark. This token has grown to become the one of best memecoins to buy. 

Is $BONK headed to Zero? Memecoin down 40% in the last month

On December 25, 2022, the meme token $BONK was introduced on the Solana blockchain. The Solana community established it as a dog-themed currency to revive liquidity on Solana-based decentralized exchanges (DEXs). As a result, some Solana projects accept $BONK for NFT minting, raffle participation, and casino games.

A portion of $BONK’s total supply approximately 50% was given to the Solana community through an airdrop to wallets that qualified. Demand and price surged, and trading volume spiked as a result of this airdrop.

Recently as the wider crypto market sees a price correction following the Bitcoin ETF approvals, the $BONK price has slumped by 7% Between January 21 and January 22. Over the past week, it has declined by 22%. Now investors speculate whether it could drop even further as it has dropped 40% in the last month. However, long-term investors have nothing to worry about as the meme coin remains 800% up in the past year. 

Galaxy Fox ($GFOX) Still on The Ascent, Rockets to $3 Million

Galaxy Fox is a novel Web 3 project that combines memecoin with GameFi in an entirely new way. The platform is a blockchain based P2E gaming platform which offers players the chance to play and win $GFOX tokens. As players prove their mettle in the game, they will accumulate $GFOX tokens and other in-game items. 

Transform Hundreds Into Millions With the Magic of Memecoins – think $BONK, but bigger!🤫

The key? Getting in early, especially during the IDO phase. Get in on NuggetRush now! This innovative memecoin blends play-to-earn gaming with real-world gold mining. Join soon to take advantage of the current ICO prices!

Show more +

Having raised almost $3 million in presale, $GFOX has now positioned itself as one the industry leader in the meme token ecosystem. It is expected to yield over 450% for early investors who have invested in the token since the start of the presale by the time it launches on exchange platforms.

Also, players can mint about three thousand different non fungible tokens (NFTs) on the platform. These NFTs can be traded on the platform’s native marketplace or popular NFT marketplace like OpenSea. 

Additionally, the network offers staking dividends to loyal investors who hold their $GFOX tokens for a long time. Staking incentives come from The Galaxy Fox Stargate, which retains 2% of every $GFOX transaction.

As its presale continues, $GFOX has surpassed expectations. Now, over 92% of the stage 7 supply is already sold. The project is on course to surpass the $5 million mark by the end of its presale. Judging by this stellar performance in presale, $GFOX is arguably one of the next big tokens to look out for in 2024.

Conclusion 

As $BONK continues its downward descent, investors have shifted their attention to $GFOX which has continuously yielded impressive ROIs for investors as it moves from one presale stage to the next. Now on course to transition to stage 8, investors who have bought $GFOX at stage 7 would also gain almost 10% on their investment. This reaffirmed the fact that $GFOX is much more than the hype, it is a full blown utility token with multiple use cases and an extremely bright outlook.

A 15% discount is available if you sign up for the Galaxy Fox ecosystem today. To get started, visit the website and join the telegram community!

Learn more about $GFOX here:

Visit Galaxy Fox Presale | Join the Community

Disclaimer: This sponsored content is not endorsed by CaptainAltcoin, which takes no responsibility for its accuracy or quality. We advise readers to do their own research before interacting with any featured companies. The information provided is not financial or legal advice. Neither CaptainAltcoin nor any third party recommends buying or selling any financial products. Investing in crypto assets is high-risk; consider the potential for loss. CaptainAltcoin is not liable for any damages or losses from using or relying on this content.

Check NuggetRush ($NUGX)

Sponsored: Invest Responsibly, Do Your Own Research.
Being in its ICO stage, NuggetRush offers a prime opportunity for early investors to get in at potentially lower prices
A unique play-to-earn gaming platform in the memecoin market
The platform combines artisanal and gold mining with cryptocurrencies in an unusual gaming context, offering a distinctive and immersive experience
Fosters a strong community by encouraging physical meetups among members
NFT Integration with Prominent Characters
intelligent crypto
How are  regular people making returns of as much as 70% in a year with no risk?  By properly setting up a FREE Pionex grid bot - click the button to learn more.
Crypto arbitrage still works like a charm, if you do it right! Check out Alphador, leading crypto arbitrage bot to learn the best way of doing it.

Tags:

Philipp Traugott
Philipp Traugott

Phil Traugott is a staff writer at CaptainAltcoin. As a trained marketing specialist for copywriting and creative campaigns, he has been advising top companies on the following topics: online marketing, SEO and software branding for more than 10 years. The topic of crypto currencies is becoming increasingly important for companies and investors and he found it very alluring and fitting for his skillset which prompted him to pivot his career towards blockchain and cryptocurrencies.

CaptainAltcoin
Logo